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and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention.
and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to...
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cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press briefing where press secretary jay carney was pressed by reporters to say what it was that speaker boehner and the president were talking about during their meeting here at the white house on sunday. the reporters wanted to know if the specifics being discussion skused in that conversation are separate from the specifics being offered in the public dialogue. take a listen to what jay carney said. >> i'm trying to be incredibly opaque about the distinction. look. >> it's working. >> it's working. >> so at least he's man enough to ad
cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press...
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white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay....
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of self-determination. we shouldn't get seniority decide, this person should be the next person -- >> look. he is running the house. he's the speaker of the house. you confuse that with running the conservative movement. >> well, then why don't you come out and say, we shouldn't raise taxes. boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i
cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of...
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cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying she is pulling her name out of consideration for secretary of state, all because of the controversy over benghazi, her reaction to the terror attack, whether or not she misled the public. bottom line this puts john kerry, democratic sources say, as the likely contender to be secretary of state i'm seeing the suvs pull up with speaker boehner right now. both the stories breaking right as we speak. you will see speaker boehner in a moment. but bottom line is you will remember at the post election news conference, the president made a big d
cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying...
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cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's why the president is working so hard so we don't go off the fiscal cliff so we keep the most vulnerable people out of harm's way. to pay $2,200. we've got to talk about fairness here and i'm very excited that the public is listening to the message that the president has made very, very clear. >> 146,000 new private sector jobs last month but one of the things that you talk about is the public sector. the president has proposed about $50 billion in infrastructure jobs which would be the public sector which is whe
cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's...
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we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested in avoiding a fiscal cliff, and clearly not been tested at all in cutting and spending. >> the senate minority leader says that what the president is interested in is getting as much taxpayer money has he can so that he can spend to his heart's content. with his approval ratings going up and congress' numbers at historic lows and the unemployment rate dropping, why with the president back down? charles? >> to some extent he is under estimating the damage she will suffer if -- he suffer if we go over the cliff. it will hurt the republicans in congress, which is why de
we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested...
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we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not particularly intererted in avoiding the fiscal cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is why democrats in congressss are relis
we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not...
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coming up on closing bell, stocks rallying about a fiscal cliff deal. we'll be speaking to some of the key players in washington. congressman chris van hollen and javier becerra. orrin hatch will tell us what it will take to reach a compromise. alan greenspan explains why a fiscal clif-related recession would be a small price to pay for much needed fiscal policy reform. all that and more. what's been happening on wall street today as we get to a final hour of trading at the top of the house on closing bell. maria in washington, i'm in new york. we'll see you then. >> we will indeed. sounds like an exciting show. thanks, bill. >> mandy, have to break in here, some breaking news on fiscal cliff. heard what bill said. some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, n
coming up on closing bell, stocks rallying about a fiscal cliff deal. we'll be speaking to some of the key players in washington. congressman chris van hollen and javier becerra. orrin hatch will tell us what it will take to reach a compromise. alan greenspan explains why a fiscal clif-related recession would be a small price to pay for much needed fiscal policy reform. all that and more. what's been happening on wall street today as we get to a final hour of trading at the top of the house on...
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deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it didn't have all that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in
deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it...
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they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not saying and you can't play hard and if you just walk with races. when you look at that, what do you think? >> probably. he usually does. but i haven't seen anything real to tell me that we're not going over the fiscal cliff and if we're doing that, according to all of the polling, it's going to be harder on republicans in terms of the public opinion than it is on democrats. you would think that that would give him another reason to get serious about this. i just think if the argument boils down to protecting that top 2% from having any kind of, you know, souped up responsibility on the tax side and on
they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not...
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it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laur
it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited...
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do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are jerks. dysfunctional. you can't move. you are insent. silly. stupid. but you love money because you owe $16 trillion of it. you borrow, overborrow what comes in and goes out. we want more money for our money. the gu screwed is the -- the guy screwed is the little guy. who is kidding who? >> i don't think a lot of people are dancing if that happens. but we enjoyed you, watching you. >> i didn't enjoy it. but it was fun. it hurt my knee. >> bret: senator simpson, thank you for coming in today. >> thank you, bret. >> so will simpson's appeal d
do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare of the contractor. the customer listed her complaints and said the jewelry was missing from her house. does this warrant a lawsuit? tamra holder says yes. rebekah arose what lynn says the contractor doesn't have a case. >> you know what, there is no lawsuit for defamation. he is suing her and the responses -- it is true. it's not defamation when it's true. charles: that sounds pretty cut and dry. >> if you ask about her answer, i respectfully disagree. she has accused him of committing a crime. stealing jewelry from her home. where does the investigation? where are the
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare...
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getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates return to the clinton administration in and the top rate was 39.6, he does not say yes, have to have that to get a deal. but he is not backing off his demands rates go up by some amount of wealthier families so the buzz is he might settle or compromise for something in between like 37%. there is speculation the president might compromise on the cut off my degree and a higher threshold by 500,000 per year before higher rates would kick in. in a speech in detroit the president extended a little olive branch republicans. >> i have said i would work with republicans on a plan for economic growth, jobs creation
getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates...
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans ar
on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're...
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecede unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some energy complex moving higher. natural gas not so much, but how closely tied our prices of natural gas and gasoline into what happened as far as a fiscal cliff is concerned in how people feel about the discretionary income they have an in the monen their wallets? >> the fiscal cliff stuff, i am on the sidelines. we are in a range. if you look at the volatility, we are at the lowest points of the year right here. has not been this year since last year. but 21%. that tells the a lot of people are on the sidelines. look at the range we have been in. everybody got excited. nobody got ex
the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some...
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in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen to the mortgage interest deduction in their state if we do good over the cliff? our real estate correspondent, diana, here with exclusive data. diane? >> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. californ
in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen...
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i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>> straight ahead, for all the talk on china, policy expert said their gain could be ours, too. the guest spot is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> the chinese dragon is
i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>>...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, urses, hospitals, pharmacists and other health professionals who helped us achieve the highest avege star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we'
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and...
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Dec 6, 2012
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this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame
this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame
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, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way back, this was really the most remarkable thing, i have ever covered. we were expecting the fed to do this latest round of quantitative easing, and more bond buying, you know qe4 -- ever is the big choke in town. but a new change, a new roll see, that is the economy does x the fed will do y, in this case the fed said it will keep interest rates low for car loans, and mortgages and business loans until, at least until unemployment hits 6.5%, that is the first time that we've seen the fed do this kind of thing in its hundred year history. >> he did couch it a little, my decision was. well what
, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way...
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but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ ♪ ♪ >>> i've said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and they have had compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> his proposal that he offered to boehner was literally a joke. it's $50 billion stimulus package. it raised taxes by $1.6 trillion. it did nothing to save social security and medicare. >> bret: some of the back a
but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost...
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. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress
. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us...
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cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >> good morning. >> what do the lawmakers owe their constituents on the promise not to raise tax she's. >> i think they owe the country. good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other co
cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >>...
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is reached on the fiscal cliff. if nothing is worked out, there's a two-year 15% pay cut for both the president and capitol hill lawmakers. so far, more than 10,000 people are signed on board for that. time now for the big three and the topics, face-to-face history in the makings and the must read. we bring in the panel. aaron, msnbc contributor robert tray numb and adviser to the hillary clinton and al gore campaigns, doug. doug, i want to start with you. the first topic is face-to-face. what can be accomplished in the one-on-one negotiations between president obama and speaker boehner when you consider friday speaker boehner said the negotiations are nowhere? >> the pressure really is on the speaking and the house republicans. it's quite clear in the polls and everybody knows they are the ones standing in the way of tax relief for middle class working people just because they want to hold that hostage to tax cuts for the 2% richest people. he could, in that meeting, meet the president half way right off the block.
is reached on the fiscal cliff. if nothing is worked out, there's a two-year 15% pay cut for both the president and capitol hill lawmakers. so far, more than 10,000 people are signed on board for that. time now for the big three and the topics, face-to-face history in the makings and the must read. we bring in the panel. aaron, msnbc contributor robert tray numb and adviser to the hillary clinton and al gore campaigns, doug. doug, i want to start with you. the first topic is face-to-face. what...
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in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual element of the comprehensive immigration reform and taken one piece and putting it on the floor, it becomes where everybody else wants to add on. if you put ag jobs on the floor for the agriculture industry, the high tech industry said wait a minute, we need visas for high tech workers. site food industry said we need the low visas for ship hands. then you have the hotel and restaurant industry. you have a series of elements that become a demand. you are back to trying to solve the problem comprehensively. there is a agreeing consensus that we have to achieve through comprehensive reform. what that pathw
in a sense what we are talking about with the fiscal cliff where there may be a deal on tax rates and later next year deal with entitlements in the deficits and debt ceiling and the other issues facing us. would you support backing away from a comprehensive legislation to perhaps piece meal it together or are we past that at this point with so many millions of people in the country illegally? >> there is a consensus growing that piece meal doesn't work. every time we had an individual...
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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the timing is a clear indication that many in washington are realize time is out to find a deal on fiscal cliff. wherego to the newsroom richard will tell us. president and house speaker john boehner met privately. both emphasize the lines of communication remain open. one person watching all this is a woman with to power brokers on capitol hill. f is very muchclif the mind of linda. they need to put aside these differences they have. of 10 employees at the capitol hill that counts house itsker john boehner among customers. she worries about the year and a possible government cutbacks. >> they are our main source of keeping the business open. if it goes down any further, we might end up closing up. k of a deficit deal a $800 billion in domestic and defense cuts that family taxes could rise $3,500. is going to be a lot of suffering among a lot of people who deserve otherwise. the white house wants a tax on the rich and increase on the debt limit. say tax tight cost american jobs. medicare is going bankrupt, inability will be bankrupt two years. of democratsity republicans to reach a compro
the timing is a clear indication that many in washington are realize time is out to find a deal on fiscal cliff. wherego to the newsroom richard will tell us. president and house speaker john boehner met privately. both emphasize the lines of communication remain open. one person watching all this is a woman with to power brokers on capitol hill. f is very muchclif the mind of linda. they need to put aside these differences they have. of 10 employees at the capitol hill that counts house itsker...
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this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that...
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cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids
cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know,...
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to avoid the fiscal cliff. john boehner says last week's offer stands and it doesn't include higher tax rates on the wealthy. the white house says there can't be a deal without the increase. >> people are disgusted at the notion of a fiscal cliff took their feelings to the streets today. [ singing ] >> 75 protesters rallied downtown at noon and the raging grannies sang. the demonstration was organized by the american dream counsel and moveon.org. they are asking the public to contact john boehner. >> we are focusing our rally on john boehner and asking him to pay attention to what is good for the country instead of protecting himself. >> the group says they will target any lawmaker who tries to cut a deal over the fiscal cliff. >>> thousands will pause saturday to remember those who lost their lives serving our country. [ bagpipes playing ] >> the kickoff was held today at the state capttle. -- capital. >> makes you quietly think that, one, you are glad to be an american, you have to say thank you to these indi
to avoid the fiscal cliff. john boehner says last week's offer stands and it doesn't include higher tax rates on the wealthy. the white house says there can't be a deal without the increase. >> people are disgusted at the notion of a fiscal cliff took their feelings to the streets today. [ singing ] >> 75 protesters rallied downtown at noon and the raging grannies sang. the demonstration was organized by the american dream counsel and moveon.org. they are asking the public to...
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>> i think unfortunately there are other issues like the fiscal cliff that are predominant right now in the national debate, but you know, as i said, you mentioned swing states. legal guns polling most voters trust the president more than mitt romney on the issue of guns so you know you know, i think people are just waiting for him to take action. >> it was interesting and when he spoke of that it galvanized. when he spoke about same-sex marriage it shifted public opinion. i for one people that this is an issue ripe for him to take and grab and to move forward on. eric fascinating thing when cob costas used one of the bigger media platforms out there sunday night football, he got a lot of eyeballs, and not necessarily eyeballs who are going to be sympathetic to a gun control issue. i give bob costas a ton of credit. fair or not? >> he said he knew he was going to get criticized. no regrets. he's not going to be run off what he said. it's interesting when you have a sportscaster, both bob costas and jason whitlock. that's sad this is an epidemic. i think the mainstream press talk abou
>> i think unfortunately there are other issues like the fiscal cliff that are predominant right now in the national debate, but you know, as i said, you mentioned swing states. legal guns polling most voters trust the president more than mitt romney on the issue of guns so you know you know, i think people are just waiting for him to take action. >> it was interesting and when he spoke of that it galvanized. when he spoke about same-sex marriage it shifted public opinion. i for one...
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.